Group Health Insurance with OPD for Punjab Transport Company

Punjab Transport Company invites bids from at least AA rated insurance companies or groups of companies for Group Health Insurance with OPD registered with relevant Registration Authorities and Tax Departments/Authorities (Income Tax, Sales Tax etc). The procurement is for health insurance coverage including outpatient department services for the employees of Punjab Transport Company based in Lahore. Items being procured: - Group Health Insurance Coverage with OPD The contract will commence from 16th October 2026 and will continue until 15th October 2027, initially for one year with possible extension subject to satisfactory performance and mutual consent. Bidders must be AA rated by PACRA/JCR-VIS and submit bids electronically through the Punjab E-Procurement System portal. The bid security of PKR 1,000,000 (one million) within 5% of the estimated price must be submitted through e-link or bank guarantee digitally via generated PSID on the Punjab e-Procurement System. The procurement process follows single stage two envelope procedure with least cost method as per Punjab Procurement Rules 2014 (amended). Interested bidders should register and submit bids online on the PPRA Portal Punjab E-Procurement System (EP) at https://ep.punjab.gov.pk before 24th September 2026 at 03:00 PM. The bids will be opened on the same day at 03:30 PM in the presence of bidders who choose to attend. A pre-bid meeting is scheduled for 16th September 2026 at 11:00 AM at the address mentioned in the notice. Tender documents can be downloaded from the Punjab Procurement Regulatory Authority website and Punjab Transport Company website. Eligibility requires AA rating by PACRA/JCR-VIS, valid registration with tax authorities, and submission of earnest money. Bidders are advised to carefully follow the online submission guidelines and ensure timely submission to avoid disqualification. The bid security will be returned to unsuccessful bidders after completion of the procurement process. For queries, bidders may contact PPRA helpline 1248 or Punjab Transport Company during office hours. Submission of bids electronically is mandatory; hard copies will not be entertained. This tender offers a valuable opportunity for insurance companies to partner with a government-owned transport company in Punjab. A practical tip for bidders: Ensure your digital bank guarantee or bid security is properly linked with the PSID generated on the Punjab e-Procurement System to avoid technical disqualification.